IDB signs alliance with the private sector to promote investment in Latin America

The Inter-American Development Bank (IDB) has signed a partnership with leaders of 40 global and regional companies to promote investment in Latin America. The meeting between the multilateral organisation and the business sector is the first in a series of collaborations that the institution plans to carry out with the private sector to promote private investment and generate employment in the region.

Crude oil prices rise, and Bolivian needs to pay more to import fuels

The price of Texas Intermediate Crude Oil (WTI) (the Bolivian benchmark) closed at 60.52 dollars, causing the country to pay more to import gasoline and diesel. Bolivia imports 70 per cent of diesel and about 50 per cent of petrol, as production is insufficient. Although gas exports improve the price and the regions and universities improve resource's income, the effect is neutral.